Reconciliation Energy Transition Inc. (RETI) and Sumitomo Corporation, through Ammolite Carbon Sequestration, have agreed to a Joint Development Agreement for the East Calgary Region Carbon Transportation & Sequestration Hub project in Alberta. The project aims to establish a hub for carbon capture and storage, with Sumitomo acquiring a significant equity interest to support operations starting in FY2026. The hub will facilitate CCS services for existing emitters and new energy transition facilities like power plants, clean hydrogen production, and biofuel facilities to aid in Canada's Net Zero goal by 2050. The collaboration is praised for its focus on sustainability, community development, and indigenous equity ownership. It is seen as a step towards a low-carbon future, with potential for further projects in carbon capture, sustainable aviation fuel, and direct air capture. This partnership is part of Sumitomo Corporation Group's broader clean energy initiatives in Alberta, supported by Invest Alberta to attract foreign investment and drive economic growth through emission reduction efforts. The agreement has been well-received by Alberta's Minister of Energy and Minerals, emphasizing the province's leading role in carbon capture and storage endeavors.